Peter Schiff: The Real Estate Bubble Is Losing Air and a Financial Crisis Is Coming

Peter Schiff: The Real Estate Bubble Is Losing Air and a Financial Crisis Is Coming

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Artificially low interest rates blew up a big housing bubble. In a podcast, Peter Schiff explained that it is actually a bigger bubble than the one preceding the 2008 crash. But this time, it is combined with an overall bubble in the entire economy that dwarfs ’08. Peter said all of this has the makings of another massive financial crisis. As the Federal Reserve continues to push up interest rates, the air is slowly coming out of the housing bubble. That leads some people to believe CPI will begin to drop because shelter costs are ostensibly falling. But Peter pointed...
Source: https://www.newswars.com/peter-schiff-the-real-estate-bubble-is-losing-air-and-a-financial-crisis-is-coming/